2-bed · 1,448 sqftAl Tajer Residences, Downtown Dubai · 5th floor · completed 2008

5012, Al Tajer Residences

Sold prices and rental history: sold twice, last in April 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5012 · DLD and Ejari recordsUpdated 10 February 2021
Last soldAED 2.5M30 April 2018
Current rentAED 115K /yr10 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5012, Al Tajer Residences

What is 5012 worth today?

Last sold for AED 2,500,000 in 2018

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10 Feb 2021RentedRenewal
AED 115,000/yr12 months · AED 79 per sqft
10 Feb 2020RentedNew contract
AED 126,000/yr12 months · AED 87 per sqft
1 Dec 2018RentedNew contract
AED 160,000/yr12 months · AED 110 per sqft
30 Apr 2018SoldReady
AED 2,500,000AED 1,726 per sqft
1 Nov 2017RentedRenewal
AED 160,000/yr12 months · AED 110 per sqft
1 Nov 2016RentedRenewal
AED 180,000/yr12 months · AED 124 per sqft
1 Nov 2015RentedNew contract
AED 180,000/yr12 months · AED 124 per sqft
21 Sep 2014RentedNew contract
AED 240,000/yr12 months · AED 165 per sqft

Source: Dubai Land Department. Updated 10 February 2021.

Key facts

Type
2-bed apartment
Size
1,448 sqft
Floor
5th of 9
Parking
5. 78
Developer
Emaar
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.5M · April 2018

About 5012, Al Tajer Residences

5012 is a two-bedroom apartment of 1,448 sqft on the 5th floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 30 April 2018 for AED 2,500,000, or AED 1,726 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 10 February 2021, is AED 115,000 a year: a gross yield of 4.6% on the 2018 price, before the service charge of about AED 34,000 a year.

Sales and rents for 5012 over time

Sales
Unit 5012, each saleTypical two-bed in Al Tajer Residences
2M3M4M2008201320182023Typical sale price by year: 2008 AED 2,093,888; 2009 AED 2,061,406; 2010 AED 2,056,888; 2011 AED 2,137,944; 2012 AED 2,233,944; 2013 AED 3,000,000; 2014 AED 3,685,444; 2015 AED 3,400,000; 2016 AED 1,989,012; 2017 AED 2,975,000; 2018 AED 2,500,000; 2019 AED 2,160,000; 2020 AED 2,375,000; 2021 AED 2,125,000; 2022 AED 2,625,000; 2023 AED 3,325,000; 2024 AED 3,470,000; 2025 AED 3,925,000; 2026 AED 3,925,000Sold by developer, August 2009: AED 1,867,888 (AED 1,290 per sqft)Sold, April 2018: AED 2,500,000 (AED 1,726 per sqft)

5012 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5012, each contractTypical two-bed in Al Tajer Residences
100K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 195,000; 2016 AED 180,000; 2017 AED 180,000; 2018 AED 160,000; 2019 AED 145,000; 2020 AED 125,000; 2021 AED 120,000; 2022 AED 140,000; 2023 AED 160,000; 2024 AED 180,000; 2025 AED 184,500; 2026 AED 200,000New contract, October 2013: AED 96,000 a yearNew contract, September 2014: AED 240,000 a yearNew contract, November 2015: AED 180,000 a yearRenewal, November 2016: AED 180,000 a yearRenewal, November 2017: AED 160,000 a yearNew contract, December 2018: AED 160,000 a yearNew contract, February 2020: AED 126,000 a yearRenewal, February 2021: AED 115,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Al Tajer Residences, and where 5012 sits

All 116 2-beds →

Over the last 12 months two-beds sold for AED 2,780,000 to 5,300,000, around AED 2,669 per sqft, and rent for AED 142,000 to 400,000 a year. 5012's AED 115,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Sep 20263,750,000
5 Aug 20262,780,000
16 Mar 20263,425,500
10 Mar 20265,000,000
8 2-bed sales in the last 12 months

Al Tajer Residences

Building

248 apartments, 1-bed to 3-bed over 9 floors in Downtown Dubai, completed in 2008 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 2,624 Up 6.2%
Typical sale
AED 3.75M
Typical rent
AED 150K /yr
Typical yield
4.4%
Al Tajer Residences, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 248 units in Al Tajer Residences
Value
50012-bedAED 2.95M · Nov 2022
50021-bedAED 1.33M · Aug 2010
50031-bedAED 1.34M · Dec 2008
50041-bedAED 2.45M · Mar 2025
50051-bedAED 675K · Oct 2011
50061-bedAED 1.82M · Feb 2013
50071-bedAED 2.1M · Nov 2023
1–7 of 38

5012, Al Tajer Residences in numbers

  • Sold twice: first on 11 August 2009 for AED 1,867,888, last on 30 April 2018 for AED 2,500,000 (AED 1,726 per sqft).
  • Rented since October 2013 on 8 Ejari contracts, from AED 96,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2018 price is 4.6%, before a service charge of about AED 34,000 a year (AED 23.45 per sqft).
  • Two-beds in Al Tajer Residences sold for AED 2,780,000–5,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,624 per sqft.

Source: Dubai Land Department. Updated 10 February 2021.

Questions about 5012, Al Tajer Residences

What did unit 5012 last sell for?

AED 2,500,000 on 30 April 2018: AED 1,726 per sqft for 1,448 sqft. The unit has 2 registered sales; the first was AED 1,867,888 in August 2009.

What is the rent for unit 5012?

AED 115,000 a year on the contract renewed on 10 February 2021. The previous contract, from February 2020, was AED 126,000; the unit has been rented since October 2013.

How big is unit 5012?

1,448 sqft (134.5 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2008.

What is unit 5012 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Tajer Residences sold for AED 2,780,000 to 5,300,000 in the last 12 months, around AED 2,669 per sqft.

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Mortgage on 5012, Al Tajer Residences

Starts from the last sale price (AED 2.5M, 30 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →